Ralph Lauren Corporation $RL Shares Bought by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its holdings in Ralph Lauren Corporation by 15.4%, now owning approximately 0.10% of the company, valued at over $13 million.
• Wall Street analysts have raised their price targets for Ralph Lauren shares, with Citigroup setting it at $295 and Telsey Advisory Group at $335, reflecting a generally positive forecast for the stock.
• Ralph Lauren reported earnings of $3.77 per share for the last quarter, exceeding expectations, with revenue showing a 13.7% increase from the previous year.

Capital Fund Management S.A. increased its position in Ralph Lauren Corporation (NYSE:RL - Free Report) by 15.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,149 shares of the textile maker's stock after buying an additional 7,903 shares during the period. Capital Fund Management S.A. owned 0.10% of Ralph Lauren worth $13,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC raised its holdings in shares of Ralph Lauren by 12.0% during the 4th quarter. Mariner LLC now owns 5,409 shares of the textile maker's stock worth $1,249,000 after acquiring an additional 580 shares in the last quarter. NewEdge Advisors LLC raised its stake in Ralph Lauren by 12.7% during the fourth quarter. NewEdge Advisors LLC now owns 2,958 shares of the textile maker's stock valued at $683,000 after purchasing an additional 333 shares in the last quarter. GeoWealth Management LLC raised its stake in Ralph Lauren by 725.7% during the fourth quarter. GeoWealth Management LLC now owns 1,156 shares of the textile maker's stock valued at $267,000 after purchasing an additional 1,016 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Ralph Lauren by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 481,109 shares of the textile maker's stock valued at $111,133,000 after purchasing an additional 6,981 shares during the last quarter. Finally, Norinchukin Bank The grew its stake in shares of Ralph Lauren by 12.2% in the 4th quarter. Norinchukin Bank The now owns 1,793 shares of the textile maker's stock worth $414,000 after buying an additional 195 shares in the last quarter. 67.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on RL shares. Jefferies Financial Group upped their target price on shares of Ralph Lauren from $250.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Needham & Company LLC upped their price objective on Ralph Lauren from $310.00 to $335.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group raised their price objective on Ralph Lauren from $262.00 to $324.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Barclays reissued an "overweight" rating and set a $360.00 target price (up previously from $321.00) on shares of Ralph Lauren in a research report on Friday, August 8th. Finally, Citigroup raised their price target on Ralph Lauren from $250.00 to $295.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $306.41.

Ralph Lauren Trading Up 0.1%

Shares of NYSE RL traded up $0.4160 during mid-day trading on Friday, reaching $285.8760. The company had a trading volume of 594,401 shares, compared to its average volume of 745,843. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.44 and a beta of 1.53. Ralph Lauren Corporation has a 52 week low of $167.32 and a 52 week high of $306.34. The business's 50-day moving average is $286.16 and its 200-day moving average is $259.14. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the prior year, the business earned $2.70 EPS. The business's revenue for the quarter was up 13.7% compared to the same quarter last year. Equities analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current year.

Ralph Lauren announced that its board has approved a stock buyback plan on Thursday, May 22nd that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the textile maker to purchase up to 8.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.